It’s no secret that one of Donald Trump’s favorite U.S. presidents is William McKinley, who led the country from 1897 until his assassination in 1901. Indeed, Trump recently changed the official name of Denali back to Mount McKinley in honor of the late president. In...
The International Monetary Fund (IMF) has provided yet another weapon for the socialists to wield in their war against free markets. The IMF published a report with the suggestion that the Baby Boomer generation could work into their 70s to save the economy: “70 is...
U.S. Treasury Secretary Scott Bessent complained on Wednesday that the World Bank and the International Monetary Fund (IMF) are suffering from “mission creep.” But Bessent announced that the Trump administration will be “doubling down” on supporting the largest...
Consumer goods are also called finished goods. The products we buy at the supermarket and other retail stores have, in less finished form, passed through many stages (including distribution), reaching back to the original factors of production: land and labor. Land...
For more than three decades, the Federal Reserve has steadily expanded its role in the American economy. From a relatively narrow mandate as a lender of last resort to commercial banks, to inflation and employment targeting, it now operates as a systemic backstop for...
Temu, a Chinese-based online retailer that has been available in the United States since the fall of 2022. Quickly become a leading online retailer, Temu has grown so fast that Bernstein analyst Robin Zhu projects that the site will generate as much as $1.8 billion in...
Even when a line on a map separates two individuals, trade is still trade—that is, mutually beneficial cooperation. Whether the line separates towns, cities, counties, states, or countries, it does not matter. The transactions are win-win. We could do quite well...
As the U.S. Congress continues to ignore the need for real fiscal discipline, kicking the can down the road again with yet another continuing resolution (CR), it is worth revisiting what two of the greats of the Austrian School had to say regarding the question of the...
